World Careers Network Share Discussion Threads

[pugugly] 02/10/2018 16:25

Now being used as personal thread for Worley Parsons - A perfect example of a turnrond from minerals low poit to current new excitement on exploration and development - Up from AUD$3.31 9 Feb 2016 to close todaya $20.00 (Why have I only just discovered it !!
"Working across the hydrocarbons, power, infrastructure, minerals & metals and chemicals sectors, we cover the full project lifecycle from guiding our customers with pioneering projects to finding innovative ways of sustaining and enhancing their existing assets. Our comprehensive geographic presence enables us to leverage global expertise and deliver innovative solutions locally, to meet our customers' needs."

[cominguproses] 02/5/2017 19:23

But at least management has graciously returned 0.4% of its 10 million+ cash pile since to shareholders..!

[dusseldorf] 29/4/2017 06:37

Now that's a statement no-one wants to see. The business is growing but due to investment increases, overheads go up significantly, enough to cancel out profit. They basically just issued a 2 year profit profit warning. I would assume dividend and positive progression on profitability is at risk and not returning until results issued in 2020.There may well be opportunity to buy near £1 over the coming weeks and months(!).

[eezymunny] 26/4/2016 14:46

INdeed DD. Just pointing out that your £11.57 market cap was kinda nonsense if you have to buy at the top of the spread. At 195p it's £14.7m. Discount net current assets of £8.7m for an EV of £6m. That's an EV/earnings of c.10 based in annualised H1 earnings. NOt quite your PE of 2!!!! Alternatively EV/earnings of c. 6 if they do well in H2 and match last yeear's profits.

Nevertheless it's a biz capable of doing much better and not bad value here if things pick up.

[dusseldorf] 26/4/2016 13:56

eezy - the spread is horrendous, but it keeps banking the cash. Its part of the SAAS world and I know its competitors have all been acquired so it remains the only listed software minnow in it's field. I guess it hasn't been acquired as the Chairman calls all the shots given he and his family own circa 80%.

[eezymunny] 26/4/2016 12:02

With a spread of 130-195p DD the market cap is £9.8-14.7m!!!

[dusseldorf] 26/4/2016 08:34

Market cap £11.57, cash £9.3m. Profit under heavy investment phase circa £1m/year - discounting the cash value ascribed to mcap its on a PE of 2x?.

Despite the words of caution, it's still heading in the right direction.

[dusseldorf] 04/11/2014 23:07

I've noticed the co. now actually has an office in the US headed up by a former Investment Banking employee (HR) according to her linkedIn:https://www.linkedin.com/in/jeanettemaisterThe key for growth acceleration IMO is if they start to expand in the US too. Could be interesting times ahead.The cash interest at 0.6% is appalling - there must be a better use for £8.1m than depreciating in the bank(!)

[vinnegar] 04/11/2014 21:42

hi chaps, i've been for a year'ish in this stock - valuation always looked just ridiculously low but the main reason for that is that from institutional perspective this stock is uninvestable due to low liquidity and low free float.

having said that - if you apply some achievable growth assumptions plus account for net cash this is easy £8 IMHO - i would not count on this too quickly though unless the current owner just sells out completely in a deal. otherwise difficult to count private investors will see that value given very low profile the company has in it's PR (which I don't mind).

[sailing john] 04/11/2014 12:06

Agree with everything you say and also happy to just to sit and hold for a few years.

I think yesterday was the first time that I have looked at this company and was amazed at the fundamentals and even more so that I could buy on line given the tiny free float.

It appears that the only RNS's are results so perhaps we will chat again post 1H at the end of April 2015

SJ

[dusseldorf] 04/11/2014 11:33

sailing john - was thinking the same thing myself when you posted. suprised to see anyone else post here given liquidity issues on the share and the tendency to flatline.

I've held these for a long time, but no-one else seems interested. Performance has gradually been accelerating and there are rarely any notable sells.

The CEO has also been keen historically to buy shares for cancellation when presented, from major shareholders. Having been on the market this long there is little chance of this going private through connected parties, I believe the opposite to be true that as it grows one of the majors will go for it and this will be end game - perhaps not for a few years, but ultimately the cash and client base will have further appeal. All it's competitors (by size) have been acquired by monolithic organizations such as Oracle and IBM..

Ultimately I'm looking for £8 / share, but on a 4-5 year view and in 'sale' status.

[sailing john] 04/11/2014 11:15

Blimey a post!

I managed to buy 2*1.5k on the bell yesterday at 210/218

Stunned at fundamentals with an MC of just £14m yesterday, PAT of £1.9m and real cash of £8m - bonkers!

But CEO owns over 70% (over 80% inc what I assume are family members) so delist perhaps a concern for the market. But no sign of that and why worry given the fundamentals!

Dusseldorf - ignoring the Director shareholding issue I value at £4 (circa £30m) (PE 12 + cash)given growth and steady increase in revenue/profit over the past few years.

SJ

[dusseldorf] 04/11/2014 09:37

This co. have about 0.5% of stock in free float, it amazes me the mcap increase / decreases a few £m based on a few 000's shares traded - wrong price?

My view it should be trading around £3/3.50.

3.5p dividend to holders on 28th Nov.

[dusseldorf] 01/5/2012 10:35

...looks like they are very busy then

[dusseldorf] 26/1/2011 22:23

Rumour has it they are very busy

[davydoo] 16/9/2010 17:53

£3.5m of net cash. Market Value of £7m, previously made £1m pa, and regularly buying back shares.

Interesting.

[dusseldorf] 06/6/2007 13:10

Interesting movement again

[dusseldorf] 01/4/2007 21:07

mrsonionbunjee - I'm not suprised given the lack of liquidity. The shares are closely held and the company is in process of buying back excess stock so the price is somewhat static for large periods of time.

Having said that its 40% up vs the last time I posted so can't complain..

[dusseldorf] 19/10/2005 14:38

Is anyone actually holding these?

[dusseldorf] 08/9/2004 14:59

Looks like Lion Trust Holdings has increased their holding by a further 4% prior to the results...bodes well. Results will be out by end of september...

[dusseldorf] 06/5/2004 13:21

Director selling £25k's worth? either he needs the money or he knows something we don't..I'm just watching at the moment...looks a little over priced, unless full year backs up results.